The S&P BSE IT Index has gained about 8.6 per cent since April 30, 2013 as against Sensex’s flattish performance (down 0.15 per cent). This rally is largely fuelled by about 7.3 per cent fall in the Indian rupee over the same period.
Tata Consultancy Services (TCS), India’s largest information technology services firm, has decided to revise the monthly salary of Chief Executive Officer (CEO) and Managing Director N Chandrasekaran by half to Rs 15 lakh.
After tasting fair amount of success in India and a few other emerging countries, Tata Consulting Services (TCS), India’s leading information technology (IT) services company, is foraying into the government vertical in the US.
Last year, the top five Indian information technology (IT) services providers - Tata Consultancy Services (TCS), Infosys, Wipro, HCL and Cognizant- together grew 13.3 per cent, accounting for revenues of $34.3 billion.
Many would argue that Tata Consultancy Services (TCS) CEO N Chandrasekaran inherited a strong company when he was appointed CEO and MD in late 2009. TCS, India's largest IT services provider, already had revenues of $6.4 billion.
When Chinese Premier Li Keqiang comes here on Tuesday afternoon, his first stop will be the offshore development centre of Indias largest information technology company, Tata Consultancy Services, in the western suburbs.